Cadence Bancorporation (CADE) Tops Q1 EPS by 8c

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Go back to Cadence Bancorporation (CADE) Tops Q1 EPS by 8c

Cadence Bancorporation Reports First Quarter 2019 Financial Results

April 29, 2019 7:09 AM EDT

HOUSTON--(BUSINESS WIRE)-- Cadence Bancorporation (NYSE: CADE) (Cadence) today announced net income for the quarter ended March 31, 2019 of $58.2 million, or $0.44 per diluted common share (per share), compared to $32.3 million, or $0.39 per share for the quarter ended December 31, 2018, and $38.8 million or $0.46 per share for the quarter ended March 31, 2018. The first quarter of 2019 included merger related expenses of $22.0 million or $0.13 per diluted common share.

This has been an active and exciting quarter for Cadence. We finalized our merger with State Bank on January 1 and completed the systems and branding conversions during the quarter. I am pleased with... More